private equity thanks - ThreadSky | a Reddit-style client for Bluesky

treblaw.bsky.social • 53 days ago

private equity thanks

Reposted from CNN

Why it seems like all of America’s chains are closing

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Thank you. Lots of words on inflation and input costs (never mind that profit margins went up), and maybe one line on interest expense. Now why did they all take on unsustainable debt to pay out massive one time dividends? Hmmm

skaboomizzy.bsky.social•53 days ago

lol it's paywalled, when did CNN start that garbage?

ianriccaboni.com•53 days ago

I learned this from The Company Man™️ on YouTube years ago.

They took K-Mart and we didn't blink an eye. We should know better by now 😢

oosk47oo.bsky.social•53 days ago

happening all over NA. Like the example in the article, ive seen so man Red Lobster restaurants close down. Also a lot of Freshii stores have closed--not sure if you have that in US

Maybe this leads more to the rise & support to local business outlets

treblaw.bsky.social•53 days ago

Can't learn if you don't want to!

christx1.bsky.social•53 days ago

Every time one of these stores with a clearly defined market that seems to serve an obvious need goes down I google their name and "private equity" and it his 100% of the time.

Speaking of which, rest in peace Jersey Mikes, you were my favorite for a long time. :(

afishcalledwanda.bsky.social•53 days ago

I thought it was millenials.

treblaw.bsky.social•53 days ago

avocado toast is closing party city

tsellhorn.bsky.social•53 days ago

For the record, all these chains need to sell to their location managers and employees. It turns out giving a shit is high leverage. An example of a co-op buying a distressed (aka private equity owned) chain: https://www.doitbestonline.com/2024/do-it-best-makes-bid-to-acquire-true-value-assets/

jch24.bsky.social•53 days ago

Yeah, is this really a mystery to anyone paying attention?

treblaw.bsky.social•53 days ago

Gotta pay attention to know so yeah

jch24.bsky.social•53 days ago

(Peers into crystal ball)

"Jersey Mike's, you're next."

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